Streetbeat News

Earnings

AMCR

AQST

HROW

MSTR

MXCT

NDAQ

SMR

WULF

Harrow Health, Inc. (HROW) reported weaker-than-expected Q4 results, leading to a 14.6% drop in pre-market trading. Other stocks also moved lower, including Aquestive Therapeutics (AQST), NuScale Power Corporation (SMR), MaxCyte, Inc. (MXCT), TeraWulf Inc. (WULF), MicroStrategy Incorporated (MSTR), Nasdaq, Inc. (NDAQ), and Amcor plc (AMCR), due to various factors such as underwritten public offerings, downgrades, and corporate announcements.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 9:32 am

BNTX

PDD

Numerous companies are scheduled to report their quarterly earnings on March 20, 2024, with expectations ranging from significant profits to losses. Notable mentions include BioNTech with projected earnings of $2.64 per share, PDD Holdings expecting $1.60 per share, and Micron Technology anticipated to report a loss of $0.26 per share. The diversity in performance across sectors highlights the varied economic landscape.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:32 am

HUIZ

Huize Holding (NASDAQ:HUIZ) reported a decrease in Q4 sales to $33.24 million, down 11.28% from $37.47 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:07 am

TIGR

UP Fintech Holding (TIGR) reported Q4 adjusted earnings per ADS of $0.01, missing the $0.07 estimate, and sales of $69.98M, missing the $207.00M estimate. This represents a 75.86% decrease in earnings and a 9.59% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:03 am

GIS

General Mills, Inc. (NYSE:GIS) is anticipated to report higher earnings for Q3 before the market opens on March 20, 2024, with expected earnings of $1.05 per share, up from 97 cents the previous year, and projected revenue of $4.96 billion. The company recently announced the retirement of Shawn O'Grady, Group President, North America Foodservice. Following this, GIS shares rose 1.3% to close at $68.63. Analysts have adjusted their price targets and ratings, with changes reflecting a mix of Neutral, Buy, and Overweight ratings and adjusted price targets ranging from $65 to $76.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 6:45 am

GIS

HQY

MBRX

SIG

U.S. stock futures are trading lower, with focus on General Mills, HealthEquity, Signet Jewelers, Moleculin Biotech, and Micron Technology due to earnings reports and corporate actions. General Mills is expected to report earnings of $1.05 per share on $4.96 billion revenue. HealthEquity reported upbeat Q4 earnings. Signet Jewelers is anticipated to report earnings of $6.37 per share on $2.55 billion revenue. Moleculin Biotech announced a 1-for-15 reverse stock split. Micron Technology is expected to post a quarterly loss of 26 cents per share on $5.33 billion revenue.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 6:44 am

VALN

Valneva has updated its 2024 financial guidance, raising product sales forecasts to €160M-€180M from the previous €150M-€180M. Total revenues are now expected to be €170M-€190M, up from €153.7M in 2023. This adjustment is due to an improved outlook on IXIARO supply constraints and strong sales of travel vaccines and IXCHIQ. The company also anticipates lower R&D expenses and significant non-dilutive contributions for R&D. Other income is expected to be €100M-€110M, including proceeds from a PRV sale. Valneva projects a lower cash burn in 2024 and expects its commercial business to be cash-flow positive from 2025.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:32 am

VALN

Valneva reported a decrease in FY23 revenue to €153.7M from €361.3M year-over-year, with a net loss of €101.4M, an improvement from a €143.3M loss YoY.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:25 am

ORLA

Orla Mining (AMEX:ORLA) reported Q4 adjusted EPS of $0.05, surpassing the $0.01 estimate, a 400% beat. Year-over-year, earnings decreased by 28.57% from $0.07, while sales increased by 10.82% from $56.76M to $62.90M.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:10 am

KGEI

Kolibri Global Energy has announced a delay in filing its financial statements, attributing the delay to auditing issues. The company now targets a May deadline for the submission of its financial statements.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:58 am